Why The Foschini Group is paying billions for Coricraft, Dial-a-Bed

The original article can be found here.

Article highlights:

  • TFG is buying Tapestry Home Brands for R2.3 billion, which will add brands like Coricraft, Dial-a-Bed, The Bed Store and Volpes to its stable.
  • This will give TFG, which owns @home, access to local furniture factories.
  • Currently, almost all its furniture is imported from the Far East.